WASHINGTON (dpa-AFX) - Layne Christensen Co. (LAYN) announced that excluding items, it expects to be at or near break even for the fourth quarter and expects net loss to be in the range of $70 to $80 million or $3.59 to $4.07 per share.
For fiscal 2012, the company expects net income to be between $31 million to $32 million, or $1.59 to $1.64 per share.
Analysts currently expect fiscal 2012 earnings of $1.89 per share.
The weakness in the Company's estimated results in the fourth quarter of fiscal year 2012, excluding the impairment charge, is primarily a result of unexpected losses in the Water Resources and Heavy Civil segments.
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